Clayton Christensen on Religion and Capitalism | Big Think

Clayton Christensen on Religion and Capitalism
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Clayton Christensen on rescuing free markets.
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CLAYTON CHRISTENSEN:
Clayton M. Christensen is a professor of business administration at the Harvard Business School. He is the bestselling author of five books, including his seminal work, The Innovator's Dilemma, which received the Global Business Book Award for the best business book of the year, and most recently, The Innovator's Prescription, which examines how to fix our healthcare system. Christensen serves on several public and privately traded boards and is the founder of a successful consulting company and an investment management firm. He holds a B.A. with highest honors in economics from Brigham Young University and an M.Phil. in applied econometrics and the economics of less-developed countries from Oxford University, where he studied as a Rhodes Scholar; he received an MBA with high distinction from the Harvard Business School in 1979, graduating as a George F. Baker Scholar, and was awarded his DBA from the Harvard Business School in 1992.
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TRANSCRIPT:
Question: Why is there such a crisis in business leadership?
Christensen: Can I just maybe make two provocative comments, which are not that provocative but I really believe that they’re true. There is a fellow that came to Boston about 10 years ago who is a Marxist economist from China and he’d gotten a Fulbright Scholarship. And he came to Boston to study capitalism and democracy of all of the arcane topics. We got to know him very well while he was in Boston, so at the end of his time, we invited him and his wife and child to our home just to have a goodbye dinner. And I asked him, “So of all the things you learned about capitalism and democracy while you were here, was there something that was very surprising to you that you just did never thought about before?” And with no hesitation, he said, “Yeah. I never understood how critical religion is to the functioning of free markets and democracy.” And I’d never put these things together before but it’s like this guy flies in from Mars and this is what he sees. And he said, “You guys are living on cultural momentum that’s actually losing its momentum now. But if you go back 150 or 200 years ago, almost everybody in America on the weekend went to a synagogue or a church and they were taught there by people who they respected that they should voluntarily follow all the rules, because even if the police did not catch them, God will catch them.” And so you’ve got to be honest, whenever you make a commitment, honesty requires that you follow through. You’ve got to respect other people’s property and never take it from them. Their life and freedom are as just as valuable as yours. And he said, “Because most Americans most of the time have voluntarily followed the rules, democracy works.” Even if the police don’t show up on your doorstep to beat you up, you pay your taxes, because we’re conditioned and the root cause was it was our religion’s that instilled in us that ethic. Now, he said, you just look around the world where America has gone into a country and just snap its fingers and said we want democracy right here and we want it right now, if you don’t have a foundation of a religion there and you said it’s not any religion, that it’s got to be a religion that teaches those particular rules and has enough power over people’s lives that they instinctively follow those rules. If you try to put free markets and democracy into a country that doesn’t have that foundation, all you get is chaos like Haiti, for example, where they don’t have that foundation, we try to impose democracy and free markets and just get a complete breakdown of social order. It’s what happened in Russia to a large extent. So my first concern about our system is that if you don’t have an instinct and generally born from a religious tradition amongst the CEOs to voluntarily follow the rules, capitalism just doesn’t work. There is no way that you can police honesty if it doesn’t come instinctively for you. And, you know, I thought a lot about this conversation with that Marxist economist, and as so many institutions in our society try to push religion out of the public eye, what they don’t get is these are the very institutions that gives us our civil liberties in the first...
Read the full transcript at bigthink.com/videos/clayton-c...

Пікірлер: 199

  • @bigthink
    @bigthink4 жыл бұрын

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  • @KyrozuDesoya
    @KyrozuDesoya12 жыл бұрын

    I understand what he's saying. He later goes on to say in one of his books that this need for moral imperative doesn't have to come from religion but also from a desire to do right by your fellow man. I agree wholeheartedly with his sentiments here despite myself being agnostic. I've worked in too many places where the moral imperative of the management was sorely lacking and disaster and decline have without exception always been the result for both the business and the customers.

  • @kopibin9532
    @kopibin95324 жыл бұрын

    Clay is a wonderful human being and the top management thinker for this technology age. He coined the concept of Disruptive Technologies. GBU Clay and also thanks to Big Thinker.

  • @bioinformaticsonline5988
    @bioinformaticsonline59882 жыл бұрын

    Spot on. Such forgotten gem of wisdom should be spread around.

  • @youngyoungj
    @youngyoungj8 жыл бұрын

    Excellent, logical points.

  • @mermish4
    @mermish43 жыл бұрын

    so sad that he passed away, inspirational guy

  • @thomasd2444

    @thomasd2444

    3 жыл бұрын

    Clayton Magleby Christensen had leukemia & died on 23 JAN 2020, aged 67, due to complications from his cancer.

  • @ceo-strategic-advisor

    @ceo-strategic-advisor

    2 жыл бұрын

    It is so sad, indeed. He is one of the great thinkers, whose ideas have been re-used by some famous professors and business owners.

  • @alanhansmannkurtcobain8811

    @alanhansmannkurtcobain8811

    2 жыл бұрын

    Darn.

  • @alanhansmannkurtcobain8811

    @alanhansmannkurtcobain8811

    2 жыл бұрын

    I'm sure he lives on, geniuses never die.

  • @alanhansmannkurtcobain8811

    @alanhansmannkurtcobain8811

    2 жыл бұрын

    Honestly, he reminds me of a clone of Reagan. Brilliant person. Seriously.

  • @BlueLukos
    @BlueLukos9 жыл бұрын

    The first few minutes maybe the most provocative for some, but the genius of this talk begins about 5 minutes into the video. The tie together leans on understanding that when Christensen says ”rules,” he seems to mean "Natural Law," or even "Divine Law."

  • @coolintake
    @coolintake11 жыл бұрын

    i think what he's saying about the role of religion in that context: it helps 'control' the population by instilling a system of 'beliefs' that prevents the individual from sidetracking and therefore not questioning the status-quo moving forward. The difference being from a policing nation is that the 'invisible hand' is programed in your conscious since childhood, without needing to assume a physical form.

  • @TheRajeshtalwar
    @TheRajeshtalwar2 жыл бұрын

    Absolutely the smartest thing to do to solve the CEO problem. Clayton Christensen, that is a very astute observation! Congratulations Sir!

  • @user-gl9tr9nb1u

    @user-gl9tr9nb1u

    2 жыл бұрын

    He passed away in 2020

  • @hokluy007
    @hokluy0073 жыл бұрын

    Many thanks for your great speech professor Clayton to the next generation. May your soul rest in peace.

  • @almx4444
    @almx44446 ай бұрын

    Do you know where can I read more about these topics? It would be very helpful to learn somewhat about it 😅😅😅

  • @ShakibAhmedMagurmach
    @ShakibAhmedMagurmach3 ай бұрын

    I don't like business schools. Professor Christensen remains the sole reason I can't ever completely ruling out attending one. If he was still alive, I would have considered attempting for HBS. Such a beautiful human being.

  • @takashichusa
    @takashichusa10 жыл бұрын

    Christensen belongs to the Church of Jesus Christ of Latter-day Saints. That church (AKA Mormons) has no career clergy, and all local and regional leaders are unpaid volunteers who serve for a few years in a position and then are given other responsibilities.Christensen served as the leader of a group of Cambodian refugees, helping them deal with getting employment and other personal needs. He is currently a leader who oversees congregations thrughput New England, all in his spare time. He knows a LOT about religion and its implementation in daily life. He is also one of the.most innovative researchers in the business field.

  • @FFM115

    @FFM115

    9 жыл бұрын

    Raymond Swenson Mormon leaders do get paid, they get expenses paid, they get education paid for their children, they do get a substantial salary, they just don't call salary, they call cost of living assistance. Do some research and you will find out, the lower end of leadership get a small assistance but not a salary as the top leaders do. Don't give this B.S because we are in the internet era and people cannot be easily deceived anymore.

  • @nbholladay

    @nbholladay

    8 жыл бұрын

    DMF MD I think Swenson's wording was generally accurate. He stated "all local and regional leaders are unpaid volunteers" - by this I would normally think of positions such as bishops, stake presidents, etc. The relatively few leaders who get some form of living allowance are often making great sacrifices to accomplish their work. It seems that the main point of this was that Christensen has dedicated substantial time himself and has personal experience. It may understandably be hard to imagine the immense benefit that is shown in the lives of individuals without seeing firsthand what happens. But Christensen is definitely onto some important points - not only that religion in the past provided a certain level of moral structure that has diminished but also that the notion of an executive's only obligation being to the shareholder is incredibly flawed. My concern is that people will miss the importance of what he is saying.

  • @Lunatic4Bizcas

    @Lunatic4Bizcas

    6 жыл бұрын

    DM MD: Actually low end regional leaders such as those put in the position of Stake President or the Bishop of a local congregation do not get paid for their service. The pay begins at the Mission President level and goes up the hierarchical pyramid to the Seventy (Who are global regional representatives) and the Top 15 are the ones who get all the crowning goodies: The proverbial Quorum of the 15 or in other words: the 'current day' twelve apostles and the first presidency.

  • @AlanBrownPAC

    @AlanBrownPAC

    5 жыл бұрын

    For you naysayers, just because you don't believe the truth doesn't make it any less true! The problem is your's, not truth's.

  • @pieter5466
    @pieter54666 ай бұрын

    Amazing to be still able to watch this and reflect on it in late 2023.

  • @StephenReichert80
    @StephenReichert809 жыл бұрын

    Wow, great video.

  • @chill3940
    @chill39405 жыл бұрын

    it would be very interesting to research the effects of different religions (in and out the monotheistic religions ) on the worlds economies to check this theory

  • @RexHavoc
    @RexHavoc4 жыл бұрын

    Excellent video from my former classmate...only issue is with his quoting the 95%, implying that it is the percentage of any company's shareholders who are speculators. Trading volumes are not holdings. For example, the volume of trades could be a very few shares trading hands multiple times. In fact, the short holding period strongly implies that there are a much smaller percent of the shares which are used for speculation. This does not take away from the message...our values are heading down hill and that is a very serious red flag...

  • @erickaL4
    @erickaL48 ай бұрын

    This blew my mind

  • @johnsmith-rd3zx
    @johnsmith-rd3zx2 жыл бұрын

    ive helped disabled people in the past where some of the rich people ignored disabled people because they could not serve their needs..ive also helped able bodied people by buying their products

  • @foreverlovingjehovah
    @foreverlovingjehovah12 жыл бұрын

    bravo!!! thumbs way up,and 10 stars

  • @biermeester
    @biermeester12 жыл бұрын

    Concerning the first part, isn't it a matter of mankind growing up? It's "I'm not gonna do that, my dad will kick my ass" vs "I don't want to do that". Although I must admit it's easier said than done...

  • @hlboerr

    @hlboerr

    3 жыл бұрын

    people only live like 75 years values need to be constantly instilled to new generations. to say that mankind grows up is misleading at best and absolutely wrong at worst

  • @6700homes
    @6700homes11 жыл бұрын

    Excellent. There is a structrual proprensity to move away from an ideology that is beyond or larger than ourselves. Self governence is the absence of a higher belief. It is sad, even distrubing, that it goes unnoticed. Education unfortunetly destroys as well as builds. Competition confounds proselyized capital markets over higher eternal priciples.

  • @Cozy4me
    @Cozy4me10 жыл бұрын

    I think his point about "streamlining" the motivation of manager's down to "enhancing shareholders' value" was meant to show how modern teaching has squeezed out, or at least severely diminished, moral self-motivation.

  • @shailendraTiwaribhopal
    @shailendraTiwaribhopal5 жыл бұрын

    The purpose of Religion is to maximize Returns on Deployed Human capital over the time span of existence it is on going principle of moral living and business with ecological awareness and guiding fundamentals of natural laws. I hope modern economist must now define it more extensively . Thanks for raising the issue

  • @MeCoBos
    @MeCoBos11 жыл бұрын

    There is a much higher correlation with the wealth of the nation and availability of resources and its relationship to crime than there is religion. There isn't much correlation with religion, there is a TON of correlation to the crime rate based on resources. Wealth is the greatest indicator of whether or not crime occurs, not religion.

  • @Stand4thetruth93
    @Stand4thetruth9311 жыл бұрын

    21 He that hath my commandments, and keepeth them, he it is that loveth me: and he that loveth me shall be loved of my Father, and I will love him, and will manifest myself to him. -John 14:21

  • @glennogolah7480
    @glennogolah74803 жыл бұрын

    Values are at the heart of how any system works. The wrong values in any system will wreck it.

  • @rubajassam8328
    @rubajassam8328 Жыл бұрын

    How can i cite that?..

  • @platoscavealum902
    @platoscavealum9024 жыл бұрын

    👨‍🏫 Clayton Christensen 👍

  • @JayJayAbels
    @JayJayAbels12 жыл бұрын

    I never thought I'd say this but I strongly disagree with a Harvard professor. Since when has adhering to a religious doctrine, out of sheer terror, been considered to be a tenet of morality? I think just the opposite is true. Realizing who we really are and the reality of being stranded as a single species, together on a very fragile planet, would seem to inspire more cooperation between ourselves. Morality via altruistic humility.

  • @majorgeneral5935

    @majorgeneral5935

    5 ай бұрын

    If you think being a Christian is based on “terror” you don’t understand Christianity. Faith brings contentment and peace.

  • @junkmail75034
    @junkmail750346 жыл бұрын

    Amen.

  • @stokemeister
    @stokemeister11 жыл бұрын

    He's talking societal level across hundreds of years of history and you are talking about yourself right now. America is certainly a unique experiment, founded by religious immigrants with a bent towards freedom of choice and the 'protestant work ethic'. The societal 'momentum' defining morality which religion has been the largest and most widespread mechanism for teaching said morality, still shapes the unconscious norms of the society you live in even if you are not personally religious.

  • @AlexIsUber
    @AlexIsUber3 жыл бұрын

    Great points.

  • @sungminmoon986
    @sungminmoon986 Жыл бұрын

    시장[판로]의 확대와 축소는 개개의 상품 가격에 의존하며 시장의 크기는 가격의 등락에 반비례한다는 것은 분명하다.

  • @craighohnberger
    @craighohnberger7 жыл бұрын

    Great insights... 1. How crucial the role of our foundation of faith here in the U.S has been to the success of democracy in our country; and our inability to spread it to other countries who do not have the same core values. 2. How management's role in a company should be to ensure the long term prosperity of the company, not bow to the pressures of the "shareholders" who 95% of the time are temporary holders (i.e. speculators) of company stock. -Craig Hohnberger

  • @jamesveitch4170
    @jamesveitch41703 жыл бұрын

    Very provocative indeed... it seems some can not handle the truth. I think many may misunderstand his comments on religion. He noted that democracy and capitalism without morals do fail, and these morals are often rooted in religion, but not necessarily always from religion. Without these morals, free market systems and democracy come under considerable pressure, and sometimes even break. We’ve seen it in the past, and we are even seeing our systems in the United States come under considerable pressure today because of the blatant lack of morality in our nation. It is causing problems and it will until we find a way to act justly and equitably

  • @mountnman3609
    @mountnman36099 жыл бұрын

    Clayton reminds me a little of Ike Godsey from The Waltons.

  • @KaoticOrder
    @KaoticOrder2 жыл бұрын

    Good video. However, I disagree with his take on shareholder theory. Milton Friedman clearly states in his little six page description of stakeholder theory the importance of following personal ethics, social standards, and the law.

  • @chriswkite

    @chriswkite

    2 жыл бұрын

    Clay would agree with the importance of ethics and standards that may come from a secular religion. I think his concern is with the weakening of that fabric.

  • @bluelagoon4
    @bluelagoon47 жыл бұрын

    I believe that there are ethics in the world of business. However, it is not necessarily linked to religion, it is just a population's culture as a whole, without counting that religion has caused a big deal in the human history (in a good and in a bad way). It is unthinkable that religion is linked to capitalism, which is not as holy as we think.

  • @MisterrTom
    @MisterrTom2 ай бұрын

    Interesting! The first thought that occurs to me though, is that Christianity and Judaism are much older than capitalism, and before Capitalism was invented churches were helping to maintain a feudal social order, rather than free markets and democracy.

  • @chicarbiomed
    @chicarbiomed12 жыл бұрын

    Call me crazy but MAYBE, just MAYBE, we need more education in our school systems to help this problem? Not just teaching everyone to be submissive to imaginary friends.

  • @bzabrisk
    @bzabrisk11 жыл бұрын

    I love how taboo it is to say that religion inspires people to do good. Of course it does.

  • @nevadataylor

    @nevadataylor

    4 жыл бұрын

    What the hell are you talking about? People doing good out of fear is a good thing?? I can get people to be good at the point of a gun too! Religions have plagued our growth, and capitalism is the economic dark ages.

  • @DiaJasin

    @DiaJasin

    3 жыл бұрын

    @@nevadataylor but pure capitalism doesn't exist anywhere though...

  • @nevadataylor

    @nevadataylor

    3 жыл бұрын

    @@DiaJasin Do you have a way to keep capitalism pure? I agree with your comment, just like we have never had real Communism. Not to be rude hopefully, but I think people who comment as you have, are chasing a unicorn. I would say that the reason why you can never have 'pure capitalism', is because of the intrinsic flaws of capitalism. Even if you start with pure capitalism, it will always turn impure because it intrinsically becomes cronyism. I dont see a way to stop cronyism, unless for heavy regulation, that leads to big government, and the policing of corruption.

  • @DiaJasin

    @DiaJasin

    3 жыл бұрын

    @@nevadataylor I'm not defending puritan capitalism, you're complaining about capitalism and i'm telling you we don't have that problem, all countries have socialist policies...

  • @Gichanasa
    @Gichanasa7 жыл бұрын

    He talks about GOOD religion which instills honesty and ethics in people. Basically, what he is saying is that if people are nice and honest to begin with, democracy and capitalism can work, but if people are dishonest and nasty, it is not sufficient and doesn't work. The recent politics shows that ANYONE who receives enough votes can get elected, so the point is well taken.

  • @x.noybic7007
    @x.noybic7007 Жыл бұрын

    This reminds me of the ideas of the Natural Law Party of the TM Movement.

  • @melissamybubbles6139
    @melissamybubbles61394 жыл бұрын

    So, he's following a sort of cold war servant leadership narrative used to counter liberal theology, not just secularists, although he doesn't acknowledge that. Harvard Divinity School has a video explaining how Walmart had a big influence on it. He's also following LDS models of patriarchy (priesthood).

  • @1RockieRacoon
    @1RockieRacoon10 жыл бұрын

    Never let yourself be rendered speechless.

  • @ecobound
    @ecobound8 жыл бұрын

    Intersting look at Religion's hand in supporting Capitilism

  • @AGNOSSI
    @AGNOSSI12 жыл бұрын

    Religion, human rights, and morals and work - Like all the "Religion" in Norway, Finland, Sweden, Denmark - for example?

  • @alanhansmannkurtcobain8811
    @alanhansmannkurtcobain88112 жыл бұрын

    Neat.

  • @Cozy4me
    @Cozy4me10 жыл бұрын

    Doesn't hold up. The Chinese man said that the religious leaders must teach a respect for other's property and life. I'm afraid that inner city leaders are more obsessed with obtaining the property of the "wealthy" through taxation and redistribution than being fair and responsible.

  • @thewigbone
    @thewigbone10 жыл бұрын

    He is saying exactly the OPPOSITE of that. He is saying that religion, and specifically Judeo/Christian values, must be dominate within the majority of citizens in order for Capitalism & Democracy to work. He is not pushing a particular version or strain of those religions. Look at America. As the trend in America continues, to separate from our traditional religious values, we can observe the integrity of our republic degrading.

  • @RetroFab

    @RetroFab

    6 ай бұрын

    This comment has aged all too well 👏🏼

  • @NullSeries

    @NullSeries

    2 ай бұрын

    Reading American history disproves your argument.

  • @chriswkite
    @chriswkite2 жыл бұрын

    The caption "Prophets of prophets" should be prophets of profits. Just a note from his cousin :)

  • @kevinmaitin3163
    @kevinmaitin31639 ай бұрын

    Where does one find Morality? Yourself, Parents, Friends, Society, Natural Law? Who defines the Law/Morality? Men? What about accountability. Do we account ourselves to mere mortals? History abounds with examples of atrocities in the Christian, Secular, and Pagan Religions. If a religion does not allow for Freedom of Choice, and accountability to a Higher Power based on Laws prescribed by that Higher Power it will degenerate into what has been experienced through the ages. No one has ever improved on the 10 commandments - accountability to our neighbor; upheld by a Higher Power. Honor your Parents Don't Murder Dont Commit Adultery Don't Steal Don't Lie Don't Covet Enforceable by a Higher Power, and those who comply don't need the state to supervise or police them. When submitting to the principles enjoined in the 10 commandments inevitably results in influencing all areas of life. The problem is not with Religion but with the misrepresentation of it.

  • @allgoo19
    @allgoo1910 жыл бұрын

    "The Chinese man said that the religious leaders must teach a respect for other's property and life. " == And what's that got to do with the reality? . " I'm afraid that inner city leaders are more obsessed with obtaining the property of the "wealthy"" == I'm afraid what's going on today is the opposite. Tax rate to the riches are lower than ever.

  • @nevadataylor

    @nevadataylor

    4 жыл бұрын

    I have no idea why people cant see that capitalism is just a mere bias, anti-Science, unfounded belief system, the same as any religion.

  • @babakgho
    @babakgho10 жыл бұрын

    I don't believe in most of the parts, I think the basic assumption is wrong and with just looking around and seeing democratic countries and also religious countries we can see that there is not a pattern like this at all. Taking responsibilities, moral codes and other attributes are affected and defined by so many variables.

  • @frankli7848
    @frankli78483 жыл бұрын

    great thinker

  • @fedex12345678
    @fedex1234567810 жыл бұрын

    Maybe the problem is that backstabbing, looking out for only yourself and worshiping material goods are all traits encouraged by capitalism.

  • @platoscavealum902
    @platoscavealum9023 жыл бұрын

    ▶️ 1:47 ✝️

  • @rogercoleman8515
    @rogercoleman8515 Жыл бұрын

    It may be hard to police business ethics, but its impossible to police anything when the legal system is equally corrupt. What were experiencing is not the failure of capitalism, but the foundational erosion of an entire nation. From the church to the government to the market.

  • @lisashaw8
    @lisashaw83 жыл бұрын

    The world lost a gentle and brilliant soul.

  • @20Stephanus
    @20Stephanus12 жыл бұрын

    y'all (yes... y'all ) miss the point. it's not so much as the importance of religion in a society that steers the overall health of the economy, democracy, etc. it's the fear of inevitable condemnation and prosecution that drove people on the righteous path. Without that fear, we (humans) feel we can alter, bend, stretch and even break the rules because hey, who the hell will ever know what I did? my point is to not dismiss this theory.just because you do not believe in a supreme being (Cong

  • @savageecho
    @savageecho12 жыл бұрын

    Really? How come democracy is not taking hold in Iraq/Afghanistan? They have a very strong foundation of religion and that religion holds almost the same tenants as xianity.

  • @vlogsandvoices7384
    @vlogsandvoices73848 жыл бұрын

    Wow, all the haters posting on here are so angry- truth always stings the guilty the most and this is a typical reaction.

  • @mattfirebird
    @mattfirebird8 жыл бұрын

    I would propose an alternative to traditional religion. Just as people progress from one generation, to the next, religion must progress as well. It's ridiculous to expect future generations to conform to a religion that was founded in an era that bares little resemblance to ours. We may face the same inherently human dilemmas as previous generations did, but do we need to resort to religious tradition in order to be considered "good?"

  • @abitv8490

    @abitv8490

    8 жыл бұрын

    +Matthew Phoenix Dear Matthew, Your proposal seems to presume that religion is a social concoction. Admittedly, that observation is true throughout most of human history. Your argument is sound except in light of one other possibility--pure religion is not the creation of man but that given by God Himself to instruct and educate mankind. Man, through the exercise of his agency seems to prefer to be carnal, sensual and devilish or in other words to disregard Divine exhortation. God does not change and neither do his desires for us to be our best selves, the various dogmas, traditions, ceremonies and interpretations notwithstanding.

  • @canadianbacon007
    @canadianbacon0075 жыл бұрын

    Shareholder creed, and need. Criterion behavior...Hold me, thrill me, kiss me, kill me.

  • @bobthetuber11
    @bobthetuber118 жыл бұрын

    While I really do agree that ethics, morality, and honesty are necessary for a system whereby everyone can thrive, evidence shows that almost universally those who gain power become very easily corrupted and exploitative. The fact that 1% of people hold 40% of the wealth is indicative of that. As the poor continue to get poorer and the rich continue to get richer the notion that people are ethical enough for capitalism to continue will be reject entirely and we will move toward a much more socialist system. Redistribution of wealth is not only about being Robin Hood, it's admitting that the rich are too greedy to wretched to stand up to their social responsibility and therefore need the government to step in and force the issue.

  • @m3po22

    @m3po22

    8 жыл бұрын

    How does 1% holding 40% of the wealth mean that they are corrupt? Do you believe that wealth can only be taken, and is never created?

  • @bobthetuber11

    @bobthetuber11

    8 жыл бұрын

    I am looking at more the statistical sky rocket of CEO salaries (they are not the producers), and the stagnation of pay for everyone else. All this while the FED continues to print money and inflate the currency. The middle class is shrinking because it is being wrung out to dry by greedy corporations, lobbyists, and politicians who don't want to play nicely. This isn't about capitalism and incentivizing innovation (which I am for), this is strictly about greed. 1% holding 40% of the wealth isn't inherently "evil" but that much wealth sure isn't being put to any use that would help the middle and lower class "transcend".

  • @kevinalmeida9996
    @kevinalmeida999611 жыл бұрын

    he starts making sense in the end when he talks about management

  • @nevadataylor

    @nevadataylor

    4 жыл бұрын

    He made sense from the beginning. I have no idea why people cant see that capitalism is just a mere bias, anti-Science, unfounded belief system, the same as any religion.

  • @20Stephanus
    @20Stephanus12 жыл бұрын

    damn limits!. ..... " (Congrats by the way. you have balls). rather have an open mind. "

  • @SkoolNerds
    @SkoolNerds3 жыл бұрын

    Wow

  • @alfabeta6817
    @alfabeta6817 Жыл бұрын

    Bottom line , religion works , we are social animals but we always eny each other.

  • @thewigbone
    @thewigbone10 жыл бұрын

    Perhaps, you should stroll around the top college campuses and take note of the names on most of the buildings, before you say that Judaism does not honor honesty or reciprocity.

  • @CC3GROUNDZERO
    @CC3GROUNDZERO10 жыл бұрын

    Nonsense. Check out e.g. Barry Schwartz, who talks about how capitalism corrupts human judgment.

  • @Nimzo6
    @Nimzo612 жыл бұрын

    I don't think he's pushing for religion. He's pushing for a sense of morality and social responsibility. That can come from education.

  • @RustyTube
    @RustyTube9 жыл бұрын

    LOL, does he seriously believe the 19th Century capitalists were concerned with the good of their employees? A Harvard professor? :0

  • @enzoru

    @enzoru

    4 жыл бұрын

    @Marco Capitalism brought you this very platform you're moaning on.

  • @ramsesclviii2584

    @ramsesclviii2584

    2 жыл бұрын

    there was fiefdom monarchy religious zeal feudalism and ale.

  • @yungsouichi2317
    @yungsouichi23176 жыл бұрын

    Hati, the country who had to pay like 100 billion francs t the French to pay for the "damages" of freeing themselves?

  • @cartooningfanart
    @cartooningfanart6 жыл бұрын

    Capitalism is the real religion of the world. And we are all = Religious, agnostic atheists = part of it and worship capitalism, whether we want to or not.

  • @Mr.Ditkovich.
    @Mr.Ditkovich.2 жыл бұрын

    He looks like Arsene Wenger

  • @kiranks5995
    @kiranks59953 жыл бұрын

    With due respects to (late) Professor Christiansen, the argument of correlation or relationship between Religion, Democracy and "free market" Capitalism is weak and vague. Russia and much of the Continental Europe were deeply "Religious" yet they have/had no "free market" economy nor democracy. Thailand, China (ancient), India, Nepal, and many Oriental societies are (were) highly "religious" yet had free-trade, vast market networks for Centuries until invasive colonial powers subverted or usurped those markets (very undemocratically). Ancient Greece, the homeland of Democracy had polytheism, multi-religious setup and followed none of those religions you are describing! They even enjoyed worldwide trade and commerce. Most middle-eastern counties (all deeply religious) have zero democracy! African (sub-Saharan) had true Democracy which is total de-centralization of power and decision making at a local level but those societies were neither "religious" nor free market economies. So there is no pattern here. It doesn't add up at all. Interestingly, the person who made such an observation was from China which is not a "free market" nor a Democracy nor a religious society and yet the 2nd best Economy in the World with a vast network of trade and commerce. The Medieval religious institution looted, murdered and devoured wealth throughout the millennia and had tie-ups with serf-lords. Really not that much Democratic, indeed. God fearing Puritans burned innocent Women and usurped their properties without slightest guilt or remorse; All in the name of religion! What we call Modern age of "Free Market" Capitalism mostly came from Protestant countries (17th & 18th Century onwards). It was a result of industrialization, explosion of technology coupled with hardworking working-class people with work ethics, frugality who actually wanted to break-free from their traditional "religious" mold of thinking to embrace a new way of life. Rest is history.....

  • @nevadataylor
    @nevadataylor4 жыл бұрын

    Well put, but we dont need to fix capitalism, we need to get rid of it! I noticed a striking resemblance between the love they hold for capitalism, and a love for religion too. My take-away from decades of debate, the biggest dilemma humanity has continually faced, has always been belief based systems vs Science/reality. Of course capitalism and christianity are both belief-based systems, and therefore chuck full of ignorant biases. Look at christianity for example, it has pretty much been proven to be 100% bullshit now, and in hindsight, it has plagued the world from growth over its existence, and has fkt up quite a number of people into an unrealistic view of life. As any scientist will tell you, "Start with a false preposition, and end with a false conclusion." However, capitalism is MUUUUUCH more detrimental to our survival. Basing our lives on capitalism is, as the scientific data shows, driving us towards our own extinction. Its MUCH worse than the damages caused by religion too. Money is a powerful drug. The habit is next to impossible to kick when consumed in such high doses. Have you ever heard ... Banks are churches. Bankers are priests. Wealth is heaven. Poverty is hell. Rich people are saints. Poor people are sinners. Commodities are blessings AND MONEY IS GOD! In short, capitalism is just another anti-Science, bias, unfounded, belief-based religion we must do away with! kzread.info/dash/bejne/omtqu7yOf8_JecY.html

  • @bmille87
    @bmille8712 жыл бұрын

    right, morality... born amongst religion. I hear Confucius was a Christian.

  • @april06809
    @april068094 жыл бұрын

    Maybe he was sponsored by some religious groups or something, I am not sure. But clearly, democracy in the Islamic world or Russia with a strong religion doesn't work. But in Japan, Taiwan, democracy does work. It doesn't take much brain power to come up with that. So the conclusion is easily falsified. I have great respect for Clayton though, we will all miss him. The second part about managers and shareholders (speculators) is truly insightful, never thought of it before.

  • @RelationalMarketing
    @RelationalMarketing11 жыл бұрын

    What a powerful thought from a socialist objective observer on a fullbright scholarship! High Integrity as an internal motivation with constant reminders in Christ honoring religious communities have definitely been a great gift from those who founded our nation. Despite their imperfections, 150 years ago had this part right on target! I understand Facts are troubling for those with anti-religious bigotry instill in them by a failed model and censored education system! But can't change facts!

  • @1RockieRacoon
    @1RockieRacoon10 жыл бұрын

    I'm not making excuses, only starting the obvious. Can you name me a system that doesn't corrupt the corruptable? A little history lesson in mankind might serve you well.

  • @chicarbiomed
    @chicarbiomed12 жыл бұрын

    Religion important to capitalism? Maybe because the religious really are more likely to follow the rules set by those in charge and willing to take orders? So... easier to be taken advantage of? Oh... conditioned? Thumbs down BUT I agree with him that if everyone were more truly religious then we would definitely have more followers and poor people that are willing to do the governments will and be right with "god". Of course, while the rich yield the benefits even faster.

  • @1RockieRacoon
    @1RockieRacoon10 жыл бұрын

    All human traits for thousands of years. Your alternative?

  • @chachee99
    @chachee999 жыл бұрын

    This guy is a Harvard professor. He should have first corrected that Marxist student that America is not a democracy. It's a republic! Second, he should have also reminded him that the American government system was based on separating church and state! Get religion out of the political arena and leave it for the people to choose worship any region in their own free time.

  • @FFM115

    @FFM115

    9 жыл бұрын

    chachee99 Watch the video again and try to pay attention this time. Your comprehension skill is worse of that of 4th grader.

  • @antoniow85
    @antoniow859 жыл бұрын

    Haiti's a horrible example to use. Their stagnation is very complex, a lot of it due to their slave revolt against France, for which they're still being economically punished.

  • @Boiblu1914
    @Boiblu19149 жыл бұрын

    What?!?!

  • @nevadataylor

    @nevadataylor

    4 жыл бұрын

    I have no idea why people cant see that capitalism is just a mere bias, anti-Science, unfounded belief system, the same as any religion.

  • @mpthangoldaz
    @mpthangoldaz9 жыл бұрын

    Religion works effectively , just dangle that carrot !

  • @nevadataylor

    @nevadataylor

    4 жыл бұрын

    I have no idea why people cant see that capitalism is just a mere bias, anti-Science, unfounded belief system, the same as any religion.

  • @UAskater6929
    @UAskater69299 жыл бұрын

    This guy needs to read The Jungle

  • @ask412
    @ask41210 жыл бұрын

    This point is coming directly from the Abrahamic set of values. The assumption we a denigrating to a dystopian end, having lost perfection in the Garden of Eden and are doomed to be judged for wickedness at Armageddon. A set of values encompassing domination of earth, plus all it's creatures, condoning genocide and the death penalty. All resulting in the world largest prison population and biggest employer, the US military. Domination values front and centre many are blind to and most definitely Abrahamic. Look around North America has communities segregated economically and by colour. A community where punitive laws, capital punishment, the death penalty, prisoner isolation, all resulting in the world's largest prison population are all seen as acceptable. North America has created this dystopian reality in it's community as a projection of it's values. The irony is almost incredible. Many in advanced countries have grown through these value systems and developed integral thinking surpassing the dominating punitive religious conservative North American value system. Working a humanising communities, providing healthcare, childcare and free education. However this is attacked as 'socialism' by North American conservatives. Even though it has evolved out of an 18th-century intellectual political movement long ago. Those criticising suffering the effects of industrialisation with dehumanising communities, still doggedly sticking with the elites manipulative script, with it's pathology of small government, austerity, prudence and risk aversion. Yes, a community needs a value system to base it's community on, but to what purpose? Transnational corporate profit or social capital development? The current meritocracy has poor values and it is not run as capitalist but corporatist. A value set diametrically opposed to earlier Abrahamic values even if North American's are wilfully blind to it. Wake up your values are in need of development. ...

  • @GuillaumeMoesching
    @GuillaumeMoesching9 жыл бұрын

    Let me throw up.

  • @rokinroj
    @rokinroj9 жыл бұрын

    Clearly the important message here is...oh I have no idea because I couldn't stop looking at his massive banana hands

  • @ricardorodriguez3789
    @ricardorodriguez37893 жыл бұрын

    woww on what world does he live!!can a sane person realy believe such non sense

  • @naiemk
    @naiemk11 жыл бұрын

    Christensen knows business very well, but seems like he does not know religion much.

  • @kristenwall7263
    @kristenwall7263 Жыл бұрын

    The naive and uninformed analysis of Haiti makes me cringe. It’s not because they are ‘unfit’ for democracy and capitalism - which, I am alarmed to say is the same kind of reasoning European colonialists and slave traders used to justify kidnapping Haitians’ ancestors and subjecting them to inhumane yet highly lucrative labor practices. Haiti was the only country to have a successful slave rebellion to overthrow the (capitalist, mostly Christian) slaveholders. They clearly wanted freedom and self-governance. France blockaded the country and negotiated an incredible deal forcing the Haitians to PAY France for the lost value since clearly the slaves owed their owners for refusing to be enslaved. Haiti has been straddled by crushing debt since then, unable to invest in its population, and outside intervention by the US has further destroyed the country’s ability to self-govern. When this guy calmly and gently says you need honest people who play by the rules to make capitalism work, I don’t know whether to laugh or cry. Certainly I am in favor of honest, rule abiding people leading companies. But history seems to indicate the opposite - Look into any of the early European East India companies. Capitalism started as a colonial enterprise when ambitious, rule-busting, and, many could argue, highly immoral people used force to basically steal resources from other countries and cultures to build lucrative empires. Slavery, child labor, colonialism - all of these were economically successful capitalist practices. Honest? Moral? I’m not anti-capitalism - it’s what we’ve got, for better or for worse, but please if we value honesty can we at least be real? Capitalism has often acted as conquest and religion has justified it. If he’s arguing for a new approach, great. But don’t tell me that our problem is lack of religion. We had plenty of religion and I don’t see that it stopped heinous capitalist practices - which continue to this day around the world. I don’t respect Big Think for posting such a flimsy and historically vapid piece.

  • @CC3GROUNDZERO
    @CC3GROUNDZERO10 жыл бұрын

    Go troll elsewhere.

  • @xy2741
    @xy27417 жыл бұрын

    Kek sees all.

  • @Christian-cw9vo
    @Christian-cw9vo10 жыл бұрын

    I agree with the premise but not with the conclusion. Morals and ethics are not embedded in religion, far from it.. Clayton says that Haiti lack the necessary religious moral to foster capatalism, yet the majority of the population is Christian. I agree that capatalism is in needs of self regulation, but to think that the answer lies in Christianity is down-right insane.. The hypocricy of religious people has always baffled me, to think that you needs some kind of reward i.e. heaven to be a good person is insane. Cannot believe this is coming from a Harvard Professor :(

  • @dstarkravingmad

    @dstarkravingmad

    10 жыл бұрын

    Christian Ohm, a religion is different than a casual association with a religious entity. The majority of Haitians are christian by birth, not conviction nor by daily practice. The tenets of morality - most predominantly spread and ingrained through religion - are absent from a majority of the populace; Clayton's point can include that Haiti does not have the moral critical mass nor momentum to successfully undertake capitalism or democracy.

  • @Christian-cw9vo

    @Christian-cw9vo

    10 жыл бұрын

    So, Christian by birth and not by conviction. What does that mean then? Are you saying that if Haitians would only pray and attend Sunday sermons all would be different? In addition, to think that capitalism works in America is deeply flawed, well, unless you are part of the infamous 1 percent I guess. In more recent news American fast-food employees are protesting the minimum wage they are receiving is not enough to provide food for their families. How does that fit in with the Christian idea of capitalism? Surely you must recognize the problems of the right wing Christian conservatives preaching their religious affiliation whilst demanding tax reduction, repealing universal healthcare, against federal college loans, cutting food-stamps - resulting in ever increasing income equality and social immobility. If anything religion is helping to destroy the once great America. The poverty stricken lower class of America have been brain washed by greedy ministers forcing them to give their last dollar to the church - in the hope of receiving salvation for some supernatural being that doesn't even exist! And brain washed into thinking that the right wing political parties in America cares one bit about the poor... Christian morals, give me a break!

  • @dstarkravingmad

    @dstarkravingmad

    10 жыл бұрын

    You either did not read the entirety of my response, did not understand it, or chose to ignore it. It would have been nice to have a discussion. Sorry to have wasted your time. Merry Christmas.

  • @Christian-cw9vo

    @Christian-cw9vo

    10 жыл бұрын

    Apparently, I didn't understand. Merry Christmas to you too.

  • @Christian-cw9vo

    @Christian-cw9vo

    10 жыл бұрын

    However, maybe you can help me understand your response... The moral tenets of morality - mostly spread through religion, are absent form the Haitian populace. Haitians are born Christian (roman catholic to be exact) but they do not live by the ethical or moral code of Christianity, Right? I am then asking, what evidence do you have to support your statement that morals is predominantly spread through religion? See, I would argue that morals are spread and ingrained through education; humanism, critical thinking and basic consequentialism . Which in turn allows for more deregulated capitalism. Moreover, Clayton states that capitalism works well in America, whereas I would argue that it does not? And, I was merely pointing to some paradoxes of Christian conservative politics in relation to just moral behavior..

  • @raisedinarkansas
    @raisedinarkansas Жыл бұрын

    Dumb ideas make smart people say dumb things. I'm not even an Athiest and I think this guy needs to enlighten himself. Iraq, Afghanistan and Somalia are DEEPLY religious places. Haiti is very much Catholic dominated. And these are his best examples? Really? Seems like this guy has caught a case of Selective Memory. There's a laundry list of failed democracies in religious countries. On the contrary, social and political progress is mostly synonymous with Secularism NOT "religious" affiliation. Flag this video. Is he saying you have to believe in a god to have morals like "being honest" ?? Expand your friend circle my guy. "God didn't reveal this to the prophets" ?? Did he really just say that in an educational video? I'm done bro. At any rate, thanks for your thoughts on economics but keep the weird stuff to yourself.

  • @alfabeta6817

    @alfabeta6817

    Жыл бұрын

    Till now afganistan was ruled by a SOCLIST party.

  • @alfabeta6817

    @alfabeta6817

    Жыл бұрын

    Trump opposed Iraq war.

  • @alfabeta6817

    @alfabeta6817

    Жыл бұрын

    India is deeply religious too , they having sucessful democracy and exponential growth.

  • @alfabeta6817

    @alfabeta6817

    Жыл бұрын

    You know America is republic not a democracy, American founders opposed democracy and opted democratic republic, thats why there are solid laws that can't be changed with majority.